Increasing installation of commercial and utility-scale projects is a key factor driving the global photovoltaic inverters market, says Fortune Business Insights in a report, titled “Photovoltaic Inverters“ Market Size, Share and Global Trend By Voltage (Less than 1000 V, 1000-1500 V, Above 1500 V), By Product (Micro, String, Central), By Application (Residential, Commercial, Industrial, Utility) and Geography Forecast till 2027.” The surge in the electrification program in emerging nations is expected to contribute significantly to the photovoltaic inverters market.
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Some Of The Major Companies That Are Present In Photovoltaic Inverters Market Are
- SMA Solar Technology
- Sungrow Power Supply Co., Ltd.
- Enphase Energy
- Schneider Electric
- Tabuchi Electric Co., Ltd.
- Elettronica Santerno
- TMEIC, Panasonic
- The Furukawa Battery Co., Ltd.
- Growatt New Energy Technology
- Shenzhen KSTAR
- REFU Elektronik GmbH, SatCon
- Solar Edge
- Delta Group
- Chint Group
- Fronious International
- Samil Power
- Emerson Electric
- KACO New Energy
- SolarMax, and Huawei.
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Key Market Restraint – Constant price drop along with high maintenance cost
Key Market Driver – Inclination towards renewable source of energy
According to the report, the increasing inclination towards renewable sources of energy and rising awareness to reduce carbon emissions will contribute positively to the photovoltaic inverters market. The rising focus towards decentralized generation and the fast development of distributed generation techniques will create new growth opportunities for the market during the forecast period. In addition, rising demand from the downstream sector and increasing product shipments is predicted to further enable the growth of the photovoltaic inverters market.
The report offers an in-depth insight into the photovoltaic inverters market by covering all the major aspects. These aspects range from minute details of the industry performance to key industry developments, growth drivers, hindrances, market trends, and key market players. It gives an edge to business planners, industrialists, experts, researchers, and investors who are looking forward to entering the market and expand substantially.
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1. By Voltage
- Less than 1000 V
- 1000-1500 V
- Above 1500 V
2. By Product
3. By Application
4. By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
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Major Table of Content For Photovoltaic Inverters Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Photovoltaic Inverters Market Analysis, Insights and Forecast, 2027
- North America Photovoltaic Inverters Market Analysis, Insights and Forecast, 2027
- Europe Photovoltaic Inverters Market Analysis, Insights and Forecast, 2027
- Asia Pacific Photovoltaic Inverters Market Analysis, Insights and Forecast, 2027
- The Middle East and Africa Photovoltaic Inverters Market Analysis, Insights and Forecast, 2027
- Latin America Photovoltaic Inverters Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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